BSc International Business, Finance and Economics with Industrial/Professional Experience
Year of entry: 2020
Course unit details:
Innovation and Markets
|Unit level||Level 3|
|Teaching period(s)||Semester 1|
|Offered by||Alliance Manchester Business School|
|Available as a free choice unit?||No|
The course examines the ways in which products and their associated markets evolve, from inception to maturity, putting a particular emphasis on the introduction of innovations and the factors which influence their success or failure. Topics covered include*: New product (and service) development and innovation - the meaning of success and failure; emerging needs and the demand for innovations, including unsatisfied demands; originator versus (fast) follower strategies in the supply of innovations (including how intellectual property rights help originators or imitators); the product and industry life-cycle and the changing locus of innovation from products to processes; cooperative and competitive strategies for building and defending new markets; technological paradigms, trajectories and the building of unique capabilities; disruptive innovations and the death of old industries and markets (* Please note that this list of topics is not definitive, but is intended to give an overview of the content of the course)
Only available to students on: Mgt/Mgt Specialism; IMABS; IM; IBFE and ITMB.
Students undertaking the course will acquire an understanding of the influences which determine the success or failure of products and services innovations in markets, and the evolution of markets and industries over time.
Students will develop the ability to undertake a case study in which the theoretical and case study knowledge covered during the course can be applied. Students will also develop practical skills in report writing, literature search and oral presentations.
Teaching and learning methods
Methods of Delivery
The course is delivered in a series of 12 lectures, each of 1.5 hours, accompanied by a weekly seminar (for small groups of up to 15-20 students).
- Lecture hours: 12 lectures, 1.5 hour each
- Seminar hours:12 seminars, 1 hour each.
Attendance at all seminars is a requirement of the Business School
Private study: 80 hours
Total study hours: 110 hours
Informal Contact Methods
1. Office Hours
2. Specific questions can be asked after the lecture.
Group Coursework - 50% - students working in teams of no more than 3 are required to produce a 2,500 word report focused on a case study of a product or service innovation and its associated market.
Exam – 50%
Methods of Feedback to Students
- Written and/or verbal comments on assessed or non-assessed coursework.
- Written and/or verbal comments after students have given a group or individual presentation.
- Each student chooses a particular project and the seminars encourage discussion between students regarding each project as well as advice from the seminar leader.
Paul Geroski’s The Evolution of New Markets (available on-line from JRULM) provides a valuable introduction to many of the issues discussed in the course and can be considered the core text. In addition, specific readings will be identified to complement the specific topics covered in the lectures and seminars.
|Scheduled activity hours|
|Independent study hours|
|Bruce Tether||Unit coordinator|
|Ronald Ramlogan||Unit coordinator|
Additional notes: Other teaching staff and guest lecturers may be included.
Dependent courses: None
Programme Restrictions: Available to Management, Management (Specialisms), IM, IMABS, IBFE and ITMB.
For Academic Year 2019/20
Updated: March 2019
Approved by: March UG Committee